Once an invoice has been captured, the next step is managing and tracking that data. Our automated invoice processing system allows your AP team to route invoices through approval processes while maintaining clear visibility into the status of each invoice. That lets your team:

~ Strengthen cost controls via automated rule-based approvals, fraud prevention, and expedited audits/financial close

~ Easily manage and audit invoices

~ Configure workflows to your specific processes without the need for IT assistance

~ Analyze costs for individual vendors

~ Eliminate general ledger coding data entry with automation

~ Ensure that reviews and approvals are routed properly

~ Easily document invoice disputes with the vendor

MHC supports many accounts payable payment types, including both digital payments and checks plus offers services to handle check print and mail processes as well. MHC digital solutions support ACH for unlimited banks with unlimited flexible and configurable remittance communications to better communicate with vendors. MHC also offers virtual card solutions to help AP teams generate revenue and offset cost center expenses.

Businesses that rely on multiple vendors often need to process multiple kinds of invoices. Sorting through PDFs, Word documents, paper invoices, and other formats manually eats up a lot of time and energy. Our intelligent capture solution captures, cleans, and transforms incoming data directly into Infor Financials. Powered by machine learning and Optical Character Recognition (OCR) technologies, our intelligent invoice capture solution automatically scans, stores, and tracks invoices of all kinds with minimal human touchpoints. Even better, the system uses artificial intelligence to grow smarter over time. That allows the system to adapt to your organization’s specific needs and increase overall data quality and operational efficiency as you use it.

Providing real-time visibility into important invoicing functions goes a long way toward avoiding costly delays and maintaining strong vendor relationships. Using the MHC invoice automation solution makes it easy to check on real-time data such as status of an invoice, outstanding invoices, potential exceptions, and other factors that impact cashflow. Our dashboard functionality is user-friendly and role-based, allowing you to check status at a glance and pinpoint potential issues before they become problems.